KOSPI Weakens Intraday Amid Joint Selling by Institutions and Foreigners

Decline in Steel and Metals, Electrical and Electronics Sectors

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The KOSPI index is showing weakness during the session, pressured by simultaneous selling from institutions and foreigners.

As of 10:25 a.m. on the 10th, the KOSPI index is trading at 2,546.82, down 14.42 points (0.56%) from the previous day.

By investor type, institutions and foreigners are net sellers of 41.3 billion KRW and 102.6 billion KRW respectively, while individuals are net buyers of 139.5 billion KRW. In the futures market, institutions are net buyers of 132.8 billion KRW, whereas foreigners and individuals are net sellers of 14.1 billion KRW and 122.6 billion KRW respectively.

The KOSPI index started the day higher, supported by technical buying following consecutive recent declines and the strong performance of the U.S. Nasdaq index. However, with the U.S. Consumer Price Index (CPI) for December announcement approaching, foreigners are showing a cautious stance and selling, which is weighing on the index.

By sector, many are declining. Steel & Metals is down 1.25%, Electrical & Electronics -1.12%, Medical Precision -1.19%, Distribution -1.03%, Electric & Gas -1.11%, Manufacturing -0.77%, and Machinery -0.61% are all weak. Conversely, Paper & Wood is up 2.75%, Services 0.65%, and Transportation Equipment 0.42% are showing strength.

Among the top market capitalization stocks, mixed trends are observed. Samsung Electronics is down 0.67%, SK Hynix -2.33%, LG Energy Solution -2.28%, Samsung Biologics -0.66%, POSCO Holdings -2.06%, and LG Chem -1.8% are declining. Meanwhile, Hyundai Motor is up 0.48%, NAVER 0.87%, Kia 0.45%, and Celltrion 0.49% are rising.

Shares related to Taeyoung Group, which is at a crossroads for workout due to recent real estate project financing (PF) repayment issues, are moving in a narrow range. Taeyoung Construction, which showed a strong gain of over 6% early in the session, is now down 0.58%, while TY Holdings and SBS are also showing weakness.

At the same time, the KOSDAQ index is also declining. The KOSDAQ index is trading at 875.87, down 0.99% from the previous day. By investor type, institutions and foreigners are net sellers of 68.7 billion KRW and 125.1 billion KRW respectively, while individuals are net buyers of 204.3 billion KRW.

Most of the top market capitalization stocks are falling. EcoPro BM and EcoPro are down 3.62% and 1.74% respectively, HLB -0.72%, Alteogen -0.11%, Celltrion Pharm -0.18%, JYP Ent. -1.36%, and HPSP -1.66% are also declining. Celltrion Healthcare and L&F are moving in a narrow range.

Meanwhile, in the Seoul foreign exchange market, the won/dollar exchange rate is trading at 1,320.8 won, up 5.1 won from the previous day.

This content was produced with the assistance of AI translation services.